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figures show auto sales in europe shrunk by over 10% in november. >> that was the 14th month in a row that purchases declined according to the european automobile manufacturers association. buyers in italy, spain, and france proved especially wary. only britain bucked the trend with a rise in new car sales. a decade it has been since the inclusion of the german media empire. the state appellate court in munich today ruled that deutsche bank must pay damages to the heirs of the deceased mogul. >> the court ruled that the former ceo of deutsche bank, seen here, was responsible for the collapse of the world's largest licenser of film rights. in an interview, this credit worthiness was question, driving the conglomerate into bankruptcy. damages are expected to range anywhere from 120 million euros to 1.25 billion euros. it was also a big topic at the frankfurt stock exchange today. our market correspondent gave us this report from the trading floor. >> for the deutsche bank, this verdict is more than just a verdict because it weighs heavily on the image of germany's biggest bank. also bec
figures show auto sales in europe shrunk by over 10% in november. >> that was the 14th month in a row that purchases declined according to the european automobile manufacturers association. buyers in italy, spain, and france proved especially wary. only britain bucked the trend with a rise in new car sales. a decade it has been since the inclusion of the german media empire. the state appellate court in munich today ruled that deutsche bank must pay damages to the heirs of the deceased...
SFGTV2: San Francisco Government Television
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Dec 14, 2012
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not in europe as has been for 100 years prior to that, than the asia pacific region. secondly, that we would maintain freedom of access throughout that region. in particular, we would maintain the sea lanes in that area, whatever the challenge might be. even as we reduce our defense budget, therefore we must maintain and would maintain a powerful navy, and that that navy would be charged with maintaining the freedom of those sea lanes. we had, of course, to be concerned as to whether there would be a challenge for that. we observed that the rise and shine has more energy needs for more energy than they can produce themselves, and to maintain the economic growth which they believe is essential. we observed that the south china sea is a potential source of energy supplies for china and that there is a contention among the nations in that region as to where the ownership and rights of access are to the south china sea. and this is conceivable that china might seek to reestablish its claim there by military coercion and that could lead them into a confrontation with the u
not in europe as has been for 100 years prior to that, than the asia pacific region. secondly, that we would maintain freedom of access throughout that region. in particular, we would maintain the sea lanes in that area, whatever the challenge might be. even as we reduce our defense budget, therefore we must maintain and would maintain a powerful navy, and that that navy would be charged with maintaining the freedom of those sea lanes. we had, of course, to be concerned as to whether there...
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greek prime minister welcomed the decision calling it a big success for greece and a big success for europe. investors are still uncertain about the global economic taken to stabilize the euros zone. major central bank leaders are beefing up the coordinated action to secure confidence in global financial markets. they're extending a program that makes it easier for commercial banking to borrow money. taking part are the u.s. federal reserve and the european central bank as well as the central banks of canada, britain and switzerland. the leaders agreed to extend the foreign currency liquidity swap by one year. the arrangement was set to expire next february. the bank of japan whether to join the plan at the policy meeting next week. it was introduced last november when commercial banks had trouble getting money from the markets due to the european credit concerns. the bank leaders say their decision shows they're taking all possible measures to ease global financial strains. >>> more business headlines for you next hour. here's a check on markets. >>> north korea's state-run media say the c
greek prime minister welcomed the decision calling it a big success for greece and a big success for europe. investors are still uncertain about the global economic taken to stabilize the euros zone. major central bank leaders are beefing up the coordinated action to secure confidence in global financial markets. they're extending a program that makes it easier for commercial banking to borrow money. taking part are the u.s. federal reserve and the european central bank as well as the central...
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with some assistance from europe has given rwanda over the last decade. now, you say that's been reduced at least this year, i'm assuming it's this year, by $200,000. so if you break that billion over a ten-year period, still $200,000 is nothing over an annual basis. and how can we guarantee that even though there was a reduction of 200,000 and you say, i believe you say to the military -- and correct me if i'm wrong -- it's all fungible. >> it's not fungible. let me, first of all, say that in fiscal year 2012 that has just concluded, we provided rwanda with some $195 million in assistance. this money went primarily into health and to agricultural programs. rwanda has used its development assistance dollars extraordinarily well. as i said, probably better than most other african countries, and most other develop countries >> how do you poll that? >> moreover, we do not provide them with direct budgetary support. we are not providing them with a check or with cash. we work through ngos, through international development organizations and agencies, and ther
with some assistance from europe has given rwanda over the last decade. now, you say that's been reduced at least this year, i'm assuming it's this year, by $200,000. so if you break that billion over a ten-year period, still $200,000 is nothing over an annual basis. and how can we guarantee that even though there was a reduction of 200,000 and you say, i believe you say to the military -- and correct me if i'm wrong -- it's all fungible. >> it's not fungible. let me, first of all, say...
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they've absorbed a lot of global weakness in europe. they have a building controls, commercial building controls unit that's not really doing that great at the moment. i feel like the stock is inexpensive. 2.7% yield. they have an investor meeting. very up front companies. good management that lays out guidance. there's at least a chance that that gives people little comfort in the longer term growth story. >> mike, we'll talk to you again soon. >> my pleasure. >> mike, time trades are coming up next. [ male announcer ] this is amy. amy likes to invest in the market. she also likes to ride her bike. up next. s, time trades are coming up next. an, time trades coming up next. t, time trades a coming up next. o, time trades a coming up next. l, time trades ae coming up next. l, time trades are coming up next. i, time trad are coming up next. fitime trades are coming up next. ntime trades are coming up next. atime trades are coming up next. ltime trades are coming up next. ime trades are coming up next. me trades are coming up next. e tras
they've absorbed a lot of global weakness in europe. they have a building controls, commercial building controls unit that's not really doing that great at the moment. i feel like the stock is inexpensive. 2.7% yield. they have an investor meeting. very up front companies. good management that lays out guidance. there's at least a chance that that gives people little comfort in the longer term growth story. >> mike, we'll talk to you again soon. >> my pleasure. >> mike, time...
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is economical, political, and then europe tipoff with the scientific and industrial revolution then within half a century the muslim world was we behind. john: was some fundamentalist criticize science because it is western. >> is true because of logical evolution the big bang theory, list of some research come in theadius that are disturbing and many muslims say this is from the west we don't have to take it. john: what is it like a your university teaching physics? >> there is a balance between modern education, not western. but heritage between the air of/muslim to instill so they grow up with a balanced mind and personality. john: 80% of muslim do not want evolution taught. >> they reject it and some say if you teachit as a series quote-unquote as a western scientists explain it it is okay. 80% rejected 50 percent don't teach it the other 50% teach it but it is not true as but necessary, evolution is taught in many parts of the world. all schools in egypt. even the teachers tell the students we teach you this but we don't believe it. it is a problem to explain people it does not have t
is economical, political, and then europe tipoff with the scientific and industrial revolution then within half a century the muslim world was we behind. john: was some fundamentalist criticize science because it is western. >> is true because of logical evolution the big bang theory, list of some research come in theadius that are disturbing and many muslims say this is from the west we don't have to take it. john: what is it like a your university teaching physics? >> there is a...
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but psychologically, with a europe, not getting a deal done is setting people into a panic. the to not want to see that. i think that it could see people concerned. that however, is unfortunate why they are not making that much of a concern. >> and plaine john boehner also being difficult. >> it also feel free to follow michael yaki on twitter. ji >>jacqueline: we did see some calle temperature but firs, some coal /+ temperature t we did se. some cold temperatures we will see some temperatures that are in the low 80s. and that wi you50s. as we see that it is going to be and the low 50s-- >>jacqueline: as we see we are going to see a few degrees warmer. mostly clear. some cloud coverage going towards a north and at that point we are going to see some 30's and 40's. i would keep the umbrella cand i would keep the un prelo hand your umbrella keep it handy. temperatures will be in the 30's in the south bay. the same in san mateo, the inland valleys with 35, concord, livermore, a 47 degrees in vallejo. the big question mark is the north bay. 37 degrees in vallejo. i think that it
but psychologically, with a europe, not getting a deal done is setting people into a panic. the to not want to see that. i think that it could see people concerned. that however, is unfortunate why they are not making that much of a concern. >> and plaine john boehner also being difficult. >> it also feel free to follow michael yaki on twitter. ji >>jacqueline: we did see some calle temperature but firs, some coal /+ temperature t we did se. some cold temperatures we will see...
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is economical, political, and then europe tipoff with the scientific and industrial revolution then within half a century the muslim world was we behind. john: was some fundamentalist criticize science because it is western. >> is true because of logical evolution the big bang theory, list of some research come in the radius that are disturbing and many muslims say this is from the west we don't have to take it. john: what is it like a your university teaching physics? >> there is a balance between modern education, not western. but heritage between the air of/muslim to instill so they grow up with a balanced mind and personality. john: 80% of muslim do not want evolution taught. >> they reject it and some say if you teach it as a series quote-unquote as a western scientists explain it it is okay. 80% rejected 50 percent don't teach it the other 50% teach it but it is not true as but necessary, evolution is taught in many parts of the world. all schools in egypt. even the teachers tell the students we teach you this but we don't believe it. it is a problem to explain people it does not hav
is economical, political, and then europe tipoff with the scientific and industrial revolution then within half a century the muslim world was we behind. john: was some fundamentalist criticize science because it is western. >> is true because of logical evolution the big bang theory, list of some research come in the radius that are disturbing and many muslims say this is from the west we don't have to take it. john: what is it like a your university teaching physics? >> there is a...
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europe does not use a government-backing program. there are some there is backing stithy banking sector -- there are some -- much is retained on their own balance sheet and their pledge to the european central bank. that's not fannie and freddie- like but still has a government backdrop. japan, australia, rbs is part of their markets. that gets you back to where the u.s. is now. you have an outstanding mortgage stock in the united states. some of this data is a little bit dated from 2012. but it gives you some snapshots about where the delinquencies are. something like a quarter have an underwater nature to the mortgage. there are still some challenges outstanding in the markets. where is the credit going to come back into the system outside of the fanny-freddie model? there are lots of calls. you hear from jeb hensarling. fannie and freddie and the fha have to be drawn back in some way. how do you do that? this provides at least some of the basic high points of where is it that the private capital is going to come from. if you have
europe does not use a government-backing program. there are some there is backing stithy banking sector -- there are some -- much is retained on their own balance sheet and their pledge to the european central bank. that's not fannie and freddie- like but still has a government backdrop. japan, australia, rbs is part of their markets. that gets you back to where the u.s. is now. you have an outstanding mortgage stock in the united states. some of this data is a little bit dated from 2012. but...
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other news -- more legal news for apple, four publishers have settled anti-trust investigations in europe and the european union over ebook price fixing. aple and the publishers will drop the pricing agreements, aimed to undercut amazon, to restore normal, competitive conditions to the ebook market. apple and mcmillan and penguin are facing a similar probe in the u.s. testing the new blackberry 10 phones. u.s. immigrations and customs will start to test the devices next year. it's interesting because they said they would buy iphones earlier. now they say they will use both devices. turning to trading, stocks lowers with the fiscal cliff impasse overshadowing retail agains in sales. apple and oracle leading the decline. today, san francisco start up uber seems to be a threat to new york city cab drivers, approving a one-year pilot program to allow people to hail cabs with their mobile phones, which is exactly what uber does for car services. the program will start in early february. in san francisco, i'm corey johnson with bloomberg west. back to you. >> all right. thank you. up next, it i
other news -- more legal news for apple, four publishers have settled anti-trust investigations in europe and the european union over ebook price fixing. aple and the publishers will drop the pricing agreements, aimed to undercut amazon, to restore normal, competitive conditions to the ebook market. apple and mcmillan and penguin are facing a similar probe in the u.s. testing the new blackberry 10 phones. u.s. immigrations and customs will start to test the devices next year. it's interesting...
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interesting one of the things that's happened since 1989 is the region that we used to call eastern europe has become very differentiated. it's no longer -- these countries no longer have much in common with one another other than the common memory of communism occupation. >> more with pulitzer prize winner on life in sowfout east germany, poll land and from the historical narrative "iron curtain" sunday night at eight on c-span's "q&a." >> up next, four speeches with republican scott brown and north dakota democrat retiring after 20 years in the senate. last day that i serve in this great chamber, which is a month shy of three years serving i still say and believe aside from my marriage to my wife gail of 26 years and the birth of my two children ayla and arianna serving for the great people of massachusetts in the people's seat has been the greatest honor of my life. i want to thank the people of massachusetts for that opportunity to think that someone like me whose parents were married four times each, lived in 17 houses and subjected to forms of abuses growing up has the chance to serv
interesting one of the things that's happened since 1989 is the region that we used to call eastern europe has become very differentiated. it's no longer -- these countries no longer have much in common with one another other than the common memory of communism occupation. >> more with pulitzer prize winner on life in sowfout east germany, poll land and from the historical narrative "iron curtain" sunday night at eight on c-span's "q&a." >> up next, four...
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really the big focus here across europe and asia is the fiscal cliff and what will happen in the u.s.. >>> we'll go ahead and smile and say good morning, to you. thank you for joining us here on ktvu channel 2 morning news. it's a friday, december 14th i'm dave clark. >> good morning, i'm pam cook. this morning the strong smell of smoke is still in the air over a fremont machine shop. it didn't take long for a fast moving fire to gut the decades old family owned business. ktvu lorraine blanco is at cnh enterprises. it's right near interstate 680 with the important meeting today between workers and the owners. lorraine. >> reporter: yeah pam that meeting will happen within hours here. there is a fire crew on scene right now. they are checking out a hot spot that just doesn't want to seem to go out. right now there is not a lot for employees to come back to. management will be meeting this morning another an alternate location to discuss what happens next. the three alarm fire started around 1:45 thursday afternoon. firefighters had to battle it defensively. the roof collapsed just minu
really the big focus here across europe and asia is the fiscal cliff and what will happen in the u.s.. >>> we'll go ahead and smile and say good morning, to you. thank you for joining us here on ktvu channel 2 morning news. it's a friday, december 14th i'm dave clark. >> good morning, i'm pam cook. this morning the strong smell of smoke is still in the air over a fremont machine shop. it didn't take long for a fast moving fire to gut the decades old family owned business. ktvu...
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. >>> weaker than expected click reports in europe is sending the region's markets down. overnight the shanghai scored more than 4%. a strong manufacturing report there boosted confidence in the world's second largest economy. that helped hong kong maybe a small gain. taiwan and south korea all ended their trading session overnight with losses. the futures indicate another mixed opening with dow gaining ground. but it did drop almost 75 points yesterday. we're going to talk about more about the fiscal cliff and how it's effecting the markets. the nasdaq starting just below the 3,000 mark today. and keep an eye on adobe systems when it opens. share prices jumped in premarket trading after the company reported better than expected results. adobe earned $220 million for the quarter that ended last month. that is up $49 million from last year. revenue is plat flat. 2013 will be a pivotal year for the transition to a subscription based service including the creative cloud. >>> time now 5:20. you ever think about what other people are searching for online? the most popular thin
. >>> weaker than expected click reports in europe is sending the region's markets down. overnight the shanghai scored more than 4%. a strong manufacturing report there boosted confidence in the world's second largest economy. that helped hong kong maybe a small gain. taiwan and south korea all ended their trading session overnight with losses. the futures indicate another mixed opening with dow gaining ground. but it did drop almost 75 points yesterday. we're going to talk about more...
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one of the things that has happened since 1989 is the reason we used to call eastern europe has become very differentiated. these countries no longer have much in common with one another except for the common memory of communist occupation. >> more >anne applebaum from her historical narrative, "iron curtain," sunday night on "q &a " on that night at 8:00. >> at 10:00 eastern, efforts to increase homeownership programs hosted by the burping institution. in 30 minutes, the national taxpayer advocate discusses what the fiscal cliff needs for -- means for tax filing season. the doc fix will be explained that at 9:15, i look at how the u.s. population is expected to u.s. population is expected to change over the
one of the things that has happened since 1989 is the reason we used to call eastern europe has become very differentiated. these countries no longer have much in common with one another except for the common memory of communist occupation. >> more >anne applebaum from her historical narrative, "iron curtain," sunday night on "q &a " on that night at 8:00. >> at 10:00 eastern, efforts to increase homeownership programs hosted by the burping institution. in...
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their friends their brothers and sisters die in the fires are very worried that if the united states or europe imposes restrictions saying we will not allow imports from your factories unless they have the same standards as the united states, they worry these factories don't have the money to invest in the safety improvements and that these factories will lose lots of american and european orders and the factories will close and the workers with lose their jobs. i think what we need is for more companies, more western companies, western retailers like walmart or sears or disney to work closely with the bangladeshi manufacturers to make sure they have the wherewithal, the money and the will to improve fire safety, to improve the electrical systems to help make sure that there aren't more fires like the ones we so recently in bangladesh and in pakistan. >> jennifer: you talk about the big players like walmart an extremely profitable company who has subcontracted, perhaps there is some willful blindness there. how much would it cost to upgrade the factories? is that something that really would pu
their friends their brothers and sisters die in the fires are very worried that if the united states or europe imposes restrictions saying we will not allow imports from your factories unless they have the same standards as the united states, they worry these factories don't have the money to invest in the safety improvements and that these factories will lose lots of american and european orders and the factories will close and the workers with lose their jobs. i think what we need is for more...
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stocks after issuing a profit warning because of weakness in north america as well as weak demand in europe and such. a lift is happening to steal stocks like u.s. steel and metals and minors. also there's signs of life in energy. earlier it had the capital expenditures forecast for next year in pea body. it is expecting earnings in the first quarter of 2013. that is giving a slight lift to its shares. as we head to the close of today's weak, you should know all of the major indices, dow, s&p and the nasdaq are flat slightly lower. >> mary, thank you very much. >>> meantime, let us dig in a little bit deeper on the apple story. john fort joining us from out west. what's the problem with apple? is this capital gains? china? is it the iphone? >> i don't know, brian. i think that's -- >> the most honest answer i have heard in a long time, my friend. thank you. >> theory is floetding arou inf around out there. it's driving the stock down to any hint of good news drove the stock up earlier this year. interesting note i want to share from gene munser about the issue in china. lack of lines for th
stocks after issuing a profit warning because of weakness in north america as well as weak demand in europe and such. a lift is happening to steal stocks like u.s. steel and metals and minors. also there's signs of life in energy. earlier it had the capital expenditures forecast for next year in pea body. it is expecting earnings in the first quarter of 2013. that is giving a slight lift to its shares. as we head to the close of today's weak, you should know all of the major indices, dow,...
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commissioner for economic and monetary affairs said the agreement was an important step forward for europe. >> last night's decision on the single supervisory mechanism for euro area banks is a breakthrough towards a true banking union, which is significant and crucial in order to restore and reinforce confidence in the european economy. >> sreenivasan: the banking superviser role must be approved by the european parliament, but the position could be up and running by march of next year. separately, finance ministers agreed to give greece its next bailout payment of $64 billion. in return, greece has agreed to reduce its debt load by buying back devalued bonds from private investors. the european court of human rights issued a landmark ruling today condemning the c.i.a.'s extraordinary renditions programs. it ruled that a german car salesman khaled el-masri was a victim of torture and abuse for four months at the hands of the c.i.a. el-masri said he was kidnapped from macedonia in 2003, interrogated and tortured at an afghan prison run by the c.i.a. and then dropped on an albanian mountain
commissioner for economic and monetary affairs said the agreement was an important step forward for europe. >> last night's decision on the single supervisory mechanism for euro area banks is a breakthrough towards a true banking union, which is significant and crucial in order to restore and reinforce confidence in the european economy. >> sreenivasan: the banking superviser role must be approved by the european parliament, but the position could be up and running by march of next...
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we'll have to do what the rest of europe will do over time, which is accept a lower standard of living forever everybody which is why the longer-term plan is so vital, not the short-term craziness. because everybody knows he we can't keep providing americans with the current level of services unless we raise taxes in a big way on erin and cut spending somehow. even the democrats are unwilling to consider that kind of tax cut. that's why long-term spending cuts are so important. they figure into the job creation of the next 25 to 30 years, and the ability of people to stay out of poverty longer term. in the meantime, you can't get the growth needed for government receipts to go higher even in the near term. put simply, if you got someone from honeywell or eaton or celgene in the rule, explain the impact. the imperative would be to get this fiscal cliff done before vacation. hey, listen, yes, no vacation without legislation. because the longer the delay the fewer reasons to start a business and the more reasons to shrink, lay off, build fewer houses, cars, or take your business offshore
we'll have to do what the rest of europe will do over time, which is accept a lower standard of living forever everybody which is why the longer-term plan is so vital, not the short-term craziness. because everybody knows he we can't keep providing americans with the current level of services unless we raise taxes in a big way on erin and cut spending somehow. even the democrats are unwilling to consider that kind of tax cut. that's why long-term spending cuts are so important. they figure into...
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. >> i have to say, julian, i'm relieved you mentioned europe. if i had done that i would be told to go back to britain. i was born in a country and lived for over 30 years in a country where there are very strict laws and as a consequence firearms are not used to resolve domestic disputes, arguments between partners, and so on. whereas having lived here for the last almost nine years, i have become -- it's almost commonplace this kind of event. >> in the uk i think the deaths in the last year or so were 60 gun-related homicides in the entire year. in a country that has very, very strong gun control legislation. compare that to 30 a day, 200 a week, 11,000 a year. i mean, the data is just overwhelming in this case. >> and yet, joan, notwithstanding what julian has just said, in places like michigan the legislature has actually promoted bills which allow people to carry concealed weapons into church, onto school premises, into colleges. >> right. >> notwithstanding the evidence. >> notwithstanding the evidence, and they did that right after the cl
. >> i have to say, julian, i'm relieved you mentioned europe. if i had done that i would be told to go back to britain. i was born in a country and lived for over 30 years in a country where there are very strict laws and as a consequence firearms are not used to resolve domestic disputes, arguments between partners, and so on. whereas having lived here for the last almost nine years, i have become -- it's almost commonplace this kind of event. >> in the uk i think the deaths in...
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the reason is the average business tax in europe is 25%. like france is not where we want to be on tax policy. the canadians are at 17%. where you have high marginal tax rates, it slows economic growth. you can see it on the corporate side and on the individual side. we will over time take the corporate rate to 25 from 35. because it will be better for growth, we will actually have more revenue for the government and not less. with government growth at 4% per year, reagan levels, versus 2% per year, france over last 20 years or obama over last four, you do that for decades, the federal cabinet raises $5 trillion in additional tax revenue. the best way to get revenue for the government at such strong, robust and jobs-creating economic growth. unfortunately, president obama and the democrats have taken the opposite direction over the last four years. that's why we are in this mess. host: now to al, an independent in georgia. if i would push the right button. sorry about that. al, good morning. caller: good morning. the last time you were on c
the reason is the average business tax in europe is 25%. like france is not where we want to be on tax policy. the canadians are at 17%. where you have high marginal tax rates, it slows economic growth. you can see it on the corporate side and on the individual side. we will over time take the corporate rate to 25 from 35. because it will be better for growth, we will actually have more revenue for the government and not less. with government growth at 4% per year, reagan levels, versus 2% per...
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it always feels a little myopic that we are always talking europe and america. this company has exposure to the global economy. what triggered it today was this china pmi number. i know gordon chang has been on. dagen: yes. we were there. charles: a lot of people do not believe the china story. this number to me tells really nice with other things. dagen: most people already own it in their 401(k). charles: you are absolutely right. the stock is down pretty big from where it was. this last quarter was a disaster. north america construction was up. almost everything should go up next year. i love the risk reward on this. connell: this will be a huge story whether china is about two, you know, come back or collapse. charles: a minimum of 8.5% next year. we would take it in a heartbeat. dagen: deceleration is dangerous even if you are still going at 8%. connell: thank you, charles. appreciate it. dagen: we are. on saturday morning. connell: umbrella. no changes to the tax structure. dagen: more on the impact of the fiscal cliff. women are worried about it. there wi
it always feels a little myopic that we are always talking europe and america. this company has exposure to the global economy. what triggered it today was this china pmi number. i know gordon chang has been on. dagen: yes. we were there. charles: a lot of people do not believe the china story. this number to me tells really nice with other things. dagen: most people already own it in their 401(k). charles: you are absolutely right. the stock is down pretty big from where it was. this last...
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Dec 14, 2012
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headlines this morning the parent company of discovery channel says it is buying stev12 tv networks in europe in a deal worth about 1.7 million >> will be right back with more on traffic and 5:09 is the time right now and there may still be a little jews destined blackberry. >> immigration and customs and force and says that will test the new >>-10 smart phones after phasing out older black bears in favor of i foams. >> the announcement has inject some life investors toward to the stock which had lost about 75% of its value in the last two years on evidence that the make or break >> tin line is gaining traction with are ibm's bread-and-butter customers. >> the >> tale of the sunday were 30. >> amazon spending isn't video service and clout player at a more mobile devices. >> the instant video app is now available on the iphone and the ipad itouch, with options for streaming or downloading content for amazons video collection. >> amazon prime customers also have streaming across to offer 30,000 movies and tv shows on the instant video at pp. >> even though research is bemercedes-benz has been s
headlines this morning the parent company of discovery channel says it is buying stev12 tv networks in europe in a deal worth about 1.7 million >> will be right back with more on traffic and 5:09 is the time right now and there may still be a little jews destined blackberry. >> immigration and customs and force and says that will test the new >>-10 smart phones after phasing out older black bears in favor of i foams. >> the announcement has inject some life investors...
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Dec 14, 2012
12/12
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CSPAN2
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and we certainly did that with a housing crisis, hurting people in europe as well. under the guidance and completed rules, swap getting of more than $8 billion of notional value with u.s. persons would require somebody to register government is abatement will do it at the end of this month. the best to protect taxpayers and promote transparent markets should cover transactions of overseas branches and overseas affiliates guaranteed by u.s. entities. i think failing to do so, if we don't cover somehow the overseas affiliates that are guaranteed back your, not only will be exposed the public to risk like aig, but we would probably send jobs from the u.s. to overseas because our u.s. firms which is send jobs overseas. but the risk would still come back here. i think that's a competitive issue. furthermore for foreign firms to register, we are committed to substitute a complex but what does this mean? that means if there's probable and combines a foreign regular requirements that we can look to, let's look to them. for a lot of reasons it's the right thing to do but we'
and we certainly did that with a housing crisis, hurting people in europe as well. under the guidance and completed rules, swap getting of more than $8 billion of notional value with u.s. persons would require somebody to register government is abatement will do it at the end of this month. the best to protect taxpayers and promote transparent markets should cover transactions of overseas branches and overseas affiliates guaranteed by u.s. entities. i think failing to do so, if we don't cover...
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Dec 14, 2012
12/12
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europe does not use a government-backing program. there are some there is backing stithy banking sector -- there are some -- much is retained on their own balance sheet and their pledge to the european central bank. that's not fannie and freddie-like but still has a government backdrop. japan, australia, rbs is part of their markets. that gets you back to where the u.s. is now. you have an outstanding mortgage stock in the united states. some of this data is a little bit dated from 2012. but it gives you some snapshots about where the delinquencies are. something like a quarter have an underwater nature to the mortgage. there are still some challenges outstanding in the markets. where is the credit going to come back into the system outside of the fanny-freddie model? there are lots of calls. you hear from jeb hensarling. fannie and freddie and the fha have to be drawn back in some way. how do you do that? this provides at least some of the basic high points of where is it that the private capital is going to come from. if you have a
europe does not use a government-backing program. there are some there is backing stithy banking sector -- there are some -- much is retained on their own balance sheet and their pledge to the european central bank. that's not fannie and freddie-like but still has a government backdrop. japan, australia, rbs is part of their markets. that gets you back to where the u.s. is now. you have an outstanding mortgage stock in the united states. some of this data is a little bit dated from 2012. but it...
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Dec 14, 2012
12/12
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one of the things that has happened since 1989 is the region that we used to call eastern europe has become very differentiated. these countries no longer have much in common with one another. >> more about life in soviet east germany from the end of world war ii through 1956 from her historical narrative, sunday night at 8:00 on c-span. >> "washington journal" continues. host: we want to welcome sarah kliff, a health care reporter with "the washington post." as we continue our series, we want to take a look at different aspects of what we can expect as we face the january 1 deadline. we want to talk about the said likely the doc fix. many people say you have to understand the doc fix. guest: it is something we have had since about a decade ago. back in 1997, congress set a formula for how to pay doc fares. it worked for about five years until the cost of health care started growing. what we have seen every year is congress passed a temporary pay patch to make up the difference. every year, we get to the end of the year and there is this in. gap. right now if we do not pass it, medic
one of the things that has happened since 1989 is the region that we used to call eastern europe has become very differentiated. these countries no longer have much in common with one another. >> more about life in soviet east germany from the end of world war ii through 1956 from her historical narrative, sunday night at 8:00 on c-span. >> "washington journal" continues. host: we want to welcome sarah kliff, a health care reporter with "the washington post." as...
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Dec 14, 2012
12/12
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KGO
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., europe and allies recognized the opposition, which could speed up international aid. but some factions of the rebels are known to have ties to al qaeda. that is the lingering question, you knock out the leader, but what is left, building a new country sometimes is the more difficult part compared to getting rid of the dictator. look at egypt and the mess they're going through. >> but the state department is encouraging russia to withdraw their support and join with the u.s. in implementing a political transition. that has not happened yet. but this was very significant they came out and said this. >> we've seen how brutal assad has been. two years in the civil war. still a volatile situation. >>> look how they settle their differences in ukraine's capital. a full-blown brawl brokeute in parliament in kiev. grown men pushing, shoving and punching over the election over a new speaker. is that a mosh pit going on, too? the head of the opposition happens to be the world heavyweight boxing champ. fortunately, he decided to sit this one out. wow. they were rolling their sle
., europe and allies recognized the opposition, which could speed up international aid. but some factions of the rebels are known to have ties to al qaeda. that is the lingering question, you knock out the leader, but what is left, building a new country sometimes is the more difficult part compared to getting rid of the dictator. look at egypt and the mess they're going through. >> but the state department is encouraging russia to withdraw their support and join with the u.s. in...
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Dec 14, 2012
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the reason is the average business tax in europe is 25%. stupider than france is not where we want to be. canadians are at 17%. when you have these high marginal tax rates, it slows economic growth. you can see it on the corporate side and the individual side. i think we will over time take the corporate rate to 25% from 35%. because it will be better for growth, we will have more revenue for the government, not less. if the government grows at 4% per year, reagan levels, versus 2% per year, france over the last years. do that for a decade, the federal government raises $5 trillion in additional tax revenue. the best way to get revenue for the government is a strong, robust, job-creating economic growth. unfortunately, president obama and the democrats are taking the opposite direction over the last four years and that is why we are in the mess we are in. host: al is an independent in georgia. please go ahead. i need to push the right button. sorry about that, al. hang on. you are on "washington journal". caller: good morning. the last time
the reason is the average business tax in europe is 25%. stupider than france is not where we want to be. canadians are at 17%. when you have these high marginal tax rates, it slows economic growth. you can see it on the corporate side and the individual side. i think we will over time take the corporate rate to 25% from 35%. because it will be better for growth, we will have more revenue for the government, not less. if the government grows at 4% per year, reagan levels, versus 2% per year,...
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Dec 14, 2012
12/12
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interesting that one of the things that has happened since 1989 is the regional used to call at eastern europe has become very differentiated. these countries no longer have much in common with one another except the common memory of communist occupation. >> russian president vladimir putin this week gave his first eight of the nation speech since being reelected. his nationwide address is a little less than an hour and a half. >> translator: of the federation council just a few months ago and my election articles and in my march represented our plan for short and midterm, covering all the areas of our work, of our life. the economy, social issues, domestic politics, international affairs, security. in those documents, we presented a detailed picture with figures and facts explaining our plans and we have already started to implement some of those plans like decreasing teacher salaries and some other things. all the other issues we have provided necessary laws and regulations. we have started this work and i can assure you that we will continue doing that and we will implement everything we ha
interesting that one of the things that has happened since 1989 is the regional used to call at eastern europe has become very differentiated. these countries no longer have much in common with one another except the common memory of communist occupation. >> russian president vladimir putin this week gave his first eight of the nation speech since being reelected. his nationwide address is a little less than an hour and a half. >> translator: of the federation council just a few...
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Dec 14, 2012
12/12
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. >> one of the things that's happened since 1989 as the region we sukkot eastern europe has become very differentiated. these countries that longer have much in common with one another except for the common memory of communist occupation. >> to meet the increasing demand for wireless services come the federal communications commission plans to auction part of the spectrum now used for television for future use in wireless broadband networks. fcc commissioners testified on capitol hill this week in a hearing that's a little less than three hours. [inaudible conversations] >> it makes a call to the subcommittee on technology for hearing on keeping the broadband bactrim on track. i want to thank everyone for being here today and before it began i'd like to start the hearing -- the subcommittee hearing recognizing five hard-working members will be departing the united states congress come including cliff stearns, mary butternut, brent bilbray, charlie bass and ed towns. we appreciate the service they've rendered to the people of the united states and the work they've done and we appreciate
. >> one of the things that's happened since 1989 as the region we sukkot eastern europe has become very differentiated. these countries that longer have much in common with one another except for the common memory of communist occupation. >> to meet the increasing demand for wireless services come the federal communications commission plans to auction part of the spectrum now used for television for future use in wireless broadband networks. fcc commissioners testified on capitol...
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Dec 14, 2012
12/12
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MSNBCW
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., europe, china, india get together and say, come on, we're all facing these disasters and if we do that, you know, we have a chance because the other major theme of this report they think is absolutely right is, the irony is that we're sitting on the most incredible explosion of great technology that we have already seen in decades, if not a century plus. all the information technology, all the health technology, the genomics. but to solve our real problems requires kind of thinking ahead, which has not been our strong suit in recent years. >> we haven't strategized as to how to work together. >> exactly. >> we talk a lot here about income disparity in this country, what about the disparity in incomes in terms of the income level t united states compared to other countries, how are we doing on that level in terms of our income? >> well, you know, the u.s. has had growth over the years from two centuries now, 200 years of growing at about 2 percentage points per year, over two centuries that adds up to make us a very rich country. other countries now that lag behind are soaring ahea
., europe, china, india get together and say, come on, we're all facing these disasters and if we do that, you know, we have a chance because the other major theme of this report they think is absolutely right is, the irony is that we're sitting on the most incredible explosion of great technology that we have already seen in decades, if not a century plus. all the information technology, all the health technology, the genomics. but to solve our real problems requires kind of thinking ahead,...